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Spain's industrial producer price decline slowed for a third straight month in August, preliminary data from the statistical office INE showed on Friday. The industrial producer price index decreased 3.5 percent year-on-year after a 4.8 percent fall in July. The pace of decline has slowed in every...

Denmark's retail sales extended its declining trend into August, preliminary data from Statistics Denmark showed on Friday. Retail sales decreased 1.1 percent after a 1 percent fall in July. In June, sales grew 1.4 percent. Food and grocery sales were unchanged, after declining in the previous...

Italy's consumer confidence strengthened to a seven-month high in September as households' assessment of current and future economic situation improved further, survey results from the statistical office ISTAT showed on Friday. The consumer confidence index rose to 103.4 in September from 101.0 in...

ukpublicfinancedata july19 25sep20 The UK budget deficit widened to the highest on record in the financial year-to-date period reflecting the impact of the coronavirus pandemic on the public finances, with the furlough schemes alone adding GBP 56.0 billion to borrowing as subsidies paid by the central government. During April to August, public sector net borrowing was estimated to have been GBP 173.7 billion.

Eurozone money supply increased at a slower pace in August and credit to the private sector logged a steady growth, the European Central Bank reported Friday. The broad monetary aggregate M3 expanded 9.5 percent on a yearly basis, slower than the revised 10.1 percent increase seen in July. M3 was...

UK consumer confidence improved in September despite fears of a second wave of coronavirus infections, survey data from the market research group Gfk showed Friday. The consumer confidence index rose unexpectedly to -25 in September from -27 in August. The score was forecast to remain at -27. Among...

The UK budget deficit widened to the highest on record in August due to lower income and government's coronavirus relief schemes. Public sector net borrowing excluding public sector banks, increased by GBP 30.5 billion from last year to GBP 35.9 billion in August, data from the Office for National...

UK car production declined sharply in August as ongoing coronavirus crisis stalled efforts to ramp up output, data from the Society of Motor Manufacturers and Traders, or SMMT, showed Friday. Output decreased 44.6 percent on a yearly basis in August. Just 51,039 units rolled off factory lines as...

preview oct16 25sep20 Public sector finance data from the UK is due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector finance data for August. The budget deficit is forecast to widen to GBP 35.05 billion from GBP 25.94 billion in July.

Belgium's business confidence improved for a fifth straight month in September, underpinned by stronger morale in manufacturing and construction, survey data from the National Bank of Belgium showed on Thursday. The business confidence index rose to -10.8 from -12 in August. Confidence strengthened...

turkey may31 24sep20 Turkey's central bank lifted its interest rates unexpectedly by 200 basis points in an attempt to curb the weakness in the lira exchange rate. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, led by Governor Murat Uysal, decided to lift the policy rate, which is the one-week repo auction rate, to 10.25 percent from 8.25 percent.

France's manufacturing confidence improved more-than-expected in September to its highest level in six months, survey data from the statistical office INSEE showed on Thursday. The manufacturing confidence indicator rose to 96 from 93 in August. Economists had forecast a score of 95. The latest...

germanyifo july25 24sep20 German business confidence improved to a seven-month high in September as the economy showed signs of stabilization despite rising number of coronavirus infection, survey results from the ifo Institute showed Thursday. The business confidence index rose to 93.4 in September from 92.5 in August. This was the highest reading since February but was slightly below economists' forecast of 93.8.

UK retail sales grew at the fastest pace since April 2019 with a surge in grocery sales, the Distributive Trades Survey from the Confederation of British Industry showed Thursday. The retail sales balance rose unexpectedly to +11 percent in September from -6 percent in August. The balance was forecast...

swisscentralbank jun13 24sep20 Switzerland's central bank retained its negative interest rates as policymakers assessed that the expansionary monetary policy stance is needed to cushion the impact of the coronavirus pandemic on economic activity and inflation. The Swiss National Bank retained the policy rate and interest on sight deposits at the SNB at a record low -0.75 percent, as widely expected.

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